Solana price analysis

Solana ($SOL )successfully held the retest of the breakout level of $210, indicating that the bulls have flipped the level into support.

The $SOL /USDT pair started a new uptrend after breaking above $225 on Nov. 17.

The pair could rally to $260, which may pose a substantial challenge to the bulls.

However, if the buyers bulldoze their way through, the pair could skyrocket to $304.

Time is running out for the bears. If they want to prevent the up move, they will have to swiftly pull the price back below $210.

Such a move will indicate that the markets have rejected the breakout. The pair may tumble to the 50-day SMA ($171).

Source: CoinTelegraph